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Home > Network/Internet > VeriSign reports 2019 results

VeriSign reports 2019 results

Erdem Yasar by Erdem Yasar
February 8, 2020
in Network/Internet
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VeriSign reports 2019 results
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Domain name registry services and internet infrastructure provider, VeriSign reported financial results for the fourth quarter and full-year 2019.

VeriSign and subsidiaries reported revenue of $311 million for the fourth quarter of 2019, up 1.0 percent from the same quarter last year. Verisign reported net income of $148 million and diluted earnings per share of $1.26 for the fourth quarter of 2019, compared to net income of $182 million and diluted EPS of $1.50 for the same quarter in 2018.

$1.23 billion for 2019

Verisign reported revenue of $1.23 billion for 2019, up 1.4 percent from $1.21 billion in 2018. Verisign reported net income of $612 million and diluted EPS of $5.15 for 2019, compared to net income of $582 million and diluted EPS of $4.75 in 2018. The operating margin for 2019 was 65.5 percent compared to 63.2 percent in 2018.

Jim Bidzos, Executive Chairman, President, and Chief Executive Officer of VeriSign
Jim Bidzos, Executive Chairman, President, and Chief Executive Officer of VeriSign

Jim Bidzos, Executive Chairman, President, and Chief Executive Officer of VeriSign said,

“Focused execution yielded another solid quarter that caps off not only a solid year but a strong decade in which we’ve focused on our core business, expanded the domain name base and returned value to our shareholders. In 2019 we marked more than 22 years of uninterrupted availability of the Verisign DNS for .com and .net.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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